Fuyao Glass has increased at least seven times since its listing. Fuyao Glass is not only a company that produces automobile glass, but also contributes to China's tax revenue. Its boss Cao has been contributing to the cause of poverty alleviation in China. An enterprise led by an excellent entrepreneur is usually not bad. Fuyao Glass's stock has been growing steadily and continuously, with great potential.

First, Fuyao Group

It is an automobile glass manufacturer with the highest technical level and the largest export volume in China. The product "FY" trademark is the only "China well-known trademark" in China automobile glass industry, and it has won the title of "China famous brand product" for two consecutive years since 2004. High-quality products, leading R&D center, perfect product line and huge production capacity determine the strong market development power of Fuyao products. "Fuyao" brand automobile glass not only occupies a dominant position in the domestic automobile glass accessories and accessories market, but also successfully enters the international automobile glass accessories and accessories market and occupies a place in the fierce international market.

Second, the automobile industry.

The main characteristics are asset-oriented, high-tech, strong periodicity and certain industry barriers. The start-up capital of the automobile industry is very large. A domestic automobile glass production line usually needs to invest 200 million yuan, and the cost of supporting float glass production line is as high as 300 million yuan. Glass manufacturing technology is high, quality requirements are strict, and product certification cycle is long. Generally speaking, the framework contract signed by an automobile company and supporting customers usually covers the whole life cycle of a new model, usually between 5 years and 10 years. OEM is very strict with suppliers who enter the support system. The rate of return in the automobile industry is indeed limited. Fuyao Glass is the enterprise with the highest rate of return in the whole industry at present. Thanks to the leverage of high debt, Fuyao's return on net assets in normal years is only about 18%, and its net interest rate is only maintained at 15%-20%. Coupled with the necessary capital investment every year, some new entrants are even more daunting.

To sum up, Fuyao Glass still has development potential under the huge market prospect, and domestic brands should be supported.